Tuesday, February 27, 2024
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NNPC Guarantees Nigerians Of Product Sufficiency

The Nigerian National Petroleum Corporation, NNPC has assured Nigerians that it has 1.9billion liters of Petroleum Motor Spirit (PMS)which should last the country for 32 days, despite the long fuel queue in the FCT.

The group also promised that things would be back to normal in a few days.

This was revealed by the Group Executive Director, Downstream, Yemi Adetunji, at an inspection tour of filling stations across the FCT.

The shortage of fuel are increasingly a frequent worry in large cities like Lagos and the Federal Capital Territory (FCT).

Drivers and business owners who depend on the premium motor spirit to power their cars or generators have been seen waiting in the hot heat for long periods of time to buy fuel.

In some parts, they have even started keeping vigils outside gas stations in the hopes of finding fuel to buy.

The NNPC continues to maintain that it has enough PMS in stock to endure for more than 32 days despite these obvious problems.

Yemi Adetunji, the group executive director downstream, claims that the group is doing everything possible to guarantee the nation’s energy security.

He promised that with Lagos sorted out, the company in collaboration with all relevant stakeholders will soon bring the situation in Abuja to an end.

The CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, confirmed a positive change in supply of products from about 70 to an average of 140 trucks in 3 days.

He urged marketers against selling above the government’s approved pump price as any station that engages in such sharp practices will be sanctioned accordingly.

Some motorists who spoke with journalists during the inspection of various fuel stations lamented the worsening situation while calling on relevant authorities for a quick fix.



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